TOP 10 CAREER ROLES AFTER MBA IN HEALTHCARE MANAGEMENT

The article has been written by Prof. Arif Raza, Faculty for Healthcare Management Programme (PGDM-HCM) at Goa Institute of Management

If there is one field which can satisfy a wide range of interests of career seekers, it is healthcare management. Go through the top 10 list and find what suits your career choice.

 

1. Manage a corporate hospital

If you understand the nuances and complexities of hospital organization and if you have a knack for management, you can be a right person to take up this challenging responsibility. With a large number of big corporates establishing chain of hospitals across the country, the demand of capable hospital managers is high

 

2. Venture into medical tourism

India is amongst the top 5 destination worldwide where people from different countries travel to avail healthcare. India provide the best medical care at most affordable prices. Most corporate hospitals eyes for international medical tourist as they significantly add to their revenue. Many healthcare MBAs are making a fortune, by just working as a link between medical tourists and hospitals. If you like interacting with different cultures and travel internationally, this field is for you.

 

3. Handle telemedicine projects

Telemedicine is growing in a big way as an idea to connect medical care professionals with people from rural and distant areas. Providing healthcare through telemedicine requires people with high understanding of healthcare delivery and Computer science. An MBA in healthcare management with IT as a background is most suited for managing telemedicine projects.

 

4. Work for Healthcare IT and consulting companies

India is a hub for IT solutions for healthcare market of USA and other western countries. The big IT giants like TCS, Infosys, Cognizant have a separate vertical only for handling healthcare business. They constantly need people in large numbers who understand the healthcare domain better and can help their team to devise best IT solutions for their clients. Those with IT background or medical background with MBA in healthcare management are most suited for this career role.

 

5. Get into Pharmaceuticals and Medical Devices companies

The pharmaceuticals and medical devices companies are integral part of healthcare. For them to be successful they need people with management skills with a good understanding of healthcare. You can choose from different roles such as marketing, sales, strategy, operations etc. as per your interest. Having a background qualification in pharmaceuticals, biotechnology, mechanical engineering may help, but not a necessity.

 

6. Become an expert in Health economics

If you crave for intellectual activities, health economics can serve your appetite. It is much different from general economics and requires great depth of healthcare sector understanding. Health economists helps in policy making and are useful to many organizations such as Government, international healthcare NGOs, Health Insurance companies etc.

 

7. Devise strategies for Health Insurance

For those who have got finance skills and like playing with numbers, health insurance will be attractive. Health insurance in India is growing at a much faster pace compared to other industries. In health insurance, Healthcare MBAs becomes a necessity for successfully handling roles of policy designing, claim settlement, empanelment of hospitals, marketing, Third party administration etc.

 

8. Lead a public health programme

If you always wanted to serve society and do something meaningful for the world rather than just earning money, you can get into one of various public health programmes. There are many multi-million dollar programmes run by international and multinational NGOs to improve the health of general population. Being a part of such act is satisfying and at the same time can be financially rewarding.

 

9. Have a start up

For those who dream big and want to grow their own business venture, healthcare is the field. Maximum successful start-ups in last few years are in this field and still many more are required. There are plenty of opportunities for innovation and plenty of gaps for start-ups to fill. Having an MBA in healthcare management can help you in a big way to realize your dream.

 

10. Get into a government job

If none of the above attracts you and if you are the one who believes that the best jobs are still with Government, you still have a good chance after doing MBA in healthcare management. The central government and most state government are increasingly taking healthcare managers on their roll to manage their hospitals and public health programmes. It also pays you at par with private and being in government you also have the satisfaction of working for people of the country.